Consumer banking
Consumer banking
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Boston Private Financial Holdings and its bank have shuffled some key executive posts.
April 15 -
The world needs a financial system that moves money with real-time transparency while upholding the highest level of security and privacy. Digital currency and mobile money services can help get us there.
April 15 -
Debt buyer Asta Funding agreed Wednesday to settle charges brought by New York regulators for allegedly pursuing improper debt collection tactics against hundreds of consumers in the state.
April 15 -
Orchard Platform, an analytics firm that pairs institutional investors with marketplace lending platforms, has launched an investment-manager database
April 15 -
FDIC Vice Chairman Tom Hoenig outlined a new measure to grant reg relief, one based on activity rather than size. While his vision would grant 94% of banks substantial relief, he objected, however, to exempting institutions from the Volcker Rule.
April 15 -
A medical debt relief bill in Minnesota would give consumers the right to go to court to stop a collection action on medical debt that violates federal IRS rules.
April 15 -
The banking industry as a whole will survive startups. But many individual banks will fail to make the changes necessary to stay relevant in a rapidly changing market.
April 15 -
MasterCard Inc. and Target Corp. are in talks about a settlement in which the retailer would pay banks about $20 million for costs they incurred in its 2013 data breach, a person familiar with the matter said.
April 15 -
PNC Financial Services Group posted profit that beat analysts' estimates as commercial lending accelerated.
April 15 -
Bank of America Corp., the second-biggest U.S. lender by assets, posted a $3.36 billion first-quarter profit that beat analysts' estimates, as legal costs tumbled.
April 15 -
U.S. Bancorp posted profit that matched analysts' estimates on gains in mortgage-banking revenue.
April 15 -
A lawsuit filed last month by four student loan debt collection companies against the U.S. Department of Education was dismissed Tuesday by a federal judge.
April 15 -
Three former executives of Freddie Mac have settled charges that they lied about the government-sponsored enterprise's exposure to subprime mortgages before the market collapsed.
April 14 -
The San Francisco bank has produced enough growth in mortgages, C&I and other areas and made other moves to offset low rates. It is a hopeful example for mortgage-heavy banks and other lenders battling tight margins.
April 14 -
More than 70 banks are set to hit their seventh anniversary this year, crossing a threshold where they will have reduced regulatory scrutiny and relaxed capital ratios. While many are excited about the potential to growth, they are aiming to do so carefully.
April 14 -
JPMorgan Chase reported strong loan growth and higher utilization in its commercial banking unit, which serves midsize businesses. It could set the stage for others to report similar results. Still, low interest rates are muffling the benefits.
April 14 -
Still reeling from underwriting guidelines that went into effect last year, some small lenders are worried that a new mortgage disclosure regime might be the thing that pushes them over the edge.
April 14 -
PacWest Bancorp in Los Angeles announced Tuesday that Chief Financial Officer Victor Santoro plans to retire from the post this summer and West Coast banking veteran Patrick Rusnak will succeed him in that role.
April 14 -
More banks are buying mortgage servicing rights now, reversing a post-crisis shift that saw nonbanks dominate the MSR purchasing landscape, according to Fitch Ratings.
April 14 -
The Consumer Financial Protection Bureau filed a lawsuit Tuesday against the owner of several tax-preparation outlets that allegedly steered low-income clients into expensive loans against their anticipated refunds.
April 14



